{"id":40001,"date":"2021-04-02T09:58:26","date_gmt":"2021-04-02T06:58:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40001"},"modified":"2025-08-30T12:08:48","modified_gmt":"2025-08-30T09:08:48","slug":"jay-clayton-bitcoin-will-also-come-under-regulation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jay-clayton-bitcoin-will-also-come-under-regulation\/","title":{"rendered":"Jay Clayton: Bitcoin Will Also Come Under Regulation"},"content":{"rendered":"<p>Bitcoin is not a security, but that does not mean it will not be regulated, said former U.S. Securities and Exchange Commission chairman Jay Clayton.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\\&#8221;Where digital assets land at the end of the day\u2014will be driven in part by regulation both domestic and international, and I expect that regulation will come in this area both directly and indirectly,\\&#8221; says Former SEC Chairman Jay Clayton on <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a>. <a href=\\\"https:\/\/t.co\/voWcgCFqOH\\\">pic.twitter.com\/voWcgCFqOH<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\\\"https:\/\/twitter.com\/SquawkCNBC\/status\/1377583405819424770?ref_src=twsrc%5Etfw\\\">April 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/div>\n<\/figure>\n<p>In response to a CNBC host&#8217;s question about why the SEC had previously not taken a stance on regulating digital gold, Clayton said that cryptocurrency had not been recognised as a security.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;The SEC determined that Bitcoin is not a security before I took the helm of the regulator. But that does not mean that a crypto asset should not be regulated in the future,\\&#8221; the former official clarified.<\/p>\n<\/blockquote>\n<p>Clayton <a href=\"https:\/\/u1f987.com\/en\/news\/jay-clayton-steps-down-as-head-of-the-u-s-sec\">left the post as chairman of the SEC<\/a> in December 2020 and is currently advising One River Asset Management on cryptocurrencies.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I don&#8217;t know what laws the SEC is currently passing, but I believe the regulatory framework for cryptocurrencies should be revised,\\&#8221; Clayton said.<\/p>\n<\/blockquote>\n<p>These remarks by Clayton came as <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-asks-the-sec-why-bitcoin-and-ethereum-are-not-securities\">Ripple asks the SEC to reconsider the status of Bitcoin and Ethereum.<\/a> The firm is demanding that the court compel the SEC to share internal documents explaining why these cryptocurrencies are not securities.<\/p>\n<p>Ripple and its supporters have repeatedly stated that <a href=\"https:\/\/u1f987.com\/en\/news\/ripple-ceo-brad-garlinghouse-calls-sec-lawsuit-regulatory-overreach\">XRP is not a security<\/a>, but the SEC maintains the opposite.<\/p>\n<p>In December 2020, the Commission charged Ripple with selling unregistered securities in the form of tokens worth $1.3 billion. The defendants also included <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-ripple\">Garlinghouse<\/a> and co-founder Chris Larsen.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is not a security, but that does not mean it will not be regulated, said former U.S. Securities and Exchange Commission chairman Jay Clayton.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,36],"class_list":["post-40001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40001"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40001\/revisions"}],"predecessor-version":[{"id":40002,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40001\/revisions\/40002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}